BAMO TO FINISH RECONSTRUCTION OF CONCERT AND SPORT COMPLEX BY SEPTEMBER

ARMENPRESS
Jan 18, 2008

YEREVAN, JANUARY 18, ARMENPRESS: The Moscow-based construction group
BAMO, owned by an ethnic Armenian businessman, Murad Muradian, said
the reconstruction of the Karen Demirchian Sport and Cultural Complex,
Yerevan’s largest and most imposing buildings, will be over by next
September.

The company paid $5.4 million to become the owner of the complex in
2005. Vahagn Gevorkian, deputy director of the complex, told Armenpress
that the renovated complex will have modern heating systems and all
its infrastructure and facilities will be replaced by new ones. He
said the complex will have also a skating-rink.

The Sport and Cultural Complex was built at the initiative of Karen
Demirchian (late ruler of Soviet Armenia, killed in 1999 October 27
attack on the parliament) in 1983.

BAMO pledged to invest $10 million to get the building into shape.

From: Emil Lazarian | Ararat NewsPress